Are there requirements on how the revenue from selling CFR credits is spent?

CFR revenue earned from the sale of compliance credits by certain voluntary participants must be used to fund further decarbonization activities, such as deploying electric vehicle (EV) charging infrastructure, installing electricity distribution infrastructure that supports EV charging, or providing financial incentives for consumers to purchase EVs. Even where this is not explicitly required, the CFR program is designed to provide money to the entities responsible for growing the market for low-carbon fuels across Canada. This cycle of incentive and reinvestment aims to rapidly expand the clean fuel industry for businesses and consumers alike.